Publishe Date: 5:12 PM - 10/23/2017 | Print

Iran-S. Africa Joint Commission issues final statement

Economy - The 13th Iran-South Africa Joint Commission which convened in Pretoria on Monday issued a final statement.

The final statement, which included banking cooperation, development and investment, biotechnology, nanotechnology and agriculture, was signed by foreign ministers of the two countries.

Transportation, fishery, honey bee farming and shipping were also among other parts of the final statement.

The 12th round of Iran-South Africa Joint Commission convened during a visit to Tehran by South African foreign minister in 2015 when the two sides agreed to hold the next round of the commission in Pretoria.

Annual trade exchanges between Iran and South Africa used to be more than $2 billion which have shrank to some $140 million due to unilateral sanctions imposed on Tehran over the past decade.

Iran's ambassador to Pretoria Mohsen Movahedi Qomi said that during a visit to Tehran by South African President Jacob Zuma last year, the two countries planned to boost trade transactions to the previous level – $2 billion annually.

In his South Africa visit, the Iranian Foreign Minister Mohammad Javad Zarif is also scheduled to meet with President Jacob Zuma and the country's foreign minister and finance minister.

Zarif will also have a meeting with Iranian expatriates living in South Africa.

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